Ex-chairman of Google: "Ethereum - a pretty powerful platform"

Former chairman of Google, billionaire Eric Emerson Schmidt, gave an interview to economist Tyler Cowen at an organized Village Global event, which was held in San Francisco.

The dialogue covered various topics, such as the future of technology, the division of the Internet, recruitment methods and the reform of corporate governance. In addition, Schmidt expressed his opinion about Ethereum, stating that he has enormous potential and has every chance of becoming a powerful platform.

"I think the most interesting stuff that's going on are the beginning of execution on top of blockchain, the most obvious example being the capability of Ethereum. And if Ethereum can manage to figure out a way to do global synchronization of that activity, that's a pretty powerful platform. That's a really new invention," said Schmidt.

Vitalik Buterin, the co-founder of Ethereum, adheres to the same optimistic opinion. Recently there were rumors about his departure from the development team, but he denied them.

When asked whether Schmidt considered blockchain to be overvalued or underestimated, he replied that technology was overestimated in a public format, but from the point of view of technical use, on the contrary, it was undervalued.

"Well, today, blockchain is a great platform for Bitcoin and other currencies, and it's a great platform for private banking transactions where people don't trust each other."

It is worth noting that Eric Schmidt has long been a supporter of Bitcoin. He first learned about cryptocurrency in 2011 from WikiLeaks founder Julian Assange during a five-hour conversation that was later published on WikiLeaks.

Then Assange convinced Schmidt to get into the idea of ​​Bitcoin, because one day he would be very valuable. Apparently, he was able to describe in detail the advantages of the first cryptocurrency, because already in 2014 the billionaire himself spoke positively about it.

Other Google executives are also interested in cryptocurrencies. For example, recently it became known that the sons of the company's co-founder Sergey Brin and the executive director Sundar Pichai are engaged in Ethereum mining.